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EisnerAmper Publishes Second Edition of “QOF Real Estate Guide”

Aug 15, 2019

Greatly Expanded Version Includes the Latest IRS Changes and Regulations

Incorporated in the 2017 Tax Cuts and Jobs Act are a myriad of tax incentives designed to spur long-term economic development in economically distressed Qualified Opportunity Zones (QOZs). Real estate developers can invest in these communities through Qualified Opportunity Funds (QOFs). According to one report, these opportunity zones account for 10% of the investible universe.

Since its initial publication in February 2019, EisnerAmper has created a second edition of Qualified Opportunity Funds: A Guide for Real Estate Investors. Its 15 chapters include Investor Requirements, REITs, 1031 Exchanges, FIRPTA Considerations, Anti-Abuse Provisions and more. This second edition, however, has increased to 52 pages from the original 29 in order to thoroughly cover the most recent IRS updates, such as:

  • Guidance on leased tangible property
  • Ownership of QOZ business property in an indirect or direct structure
  • Funds with single asset vs. multi-asset investments
  • Treatment of debt on the property
  • Reinvestments and exits within the 10-year period

“QOFs remain a great investment vehicle. But you absolutely must understand the latest rules and regs,” said Lisa Knee, National Leader of EisnerAmper’s Real Estate Private Equity Group. “Our team of real estate, financial services and tax experts updated this invaluable resource to help real estate investors navigate this complex, evolving landscape.”

Click here to receive a FREE copy of the second edition of this how-to guide.

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